Quote:
Originally Posted by delca
Hi Traders
Have you ever felt like the market is just waiting for you to enter, then it goes the other way? Then just as you get out, the market seems to reverse and go exactly where you thought it would when you entered? It almost seems that the pros know where your emotional decisions will be made, then they trade against you!!!! There are ways to know where these probable turning points are. Top traders around the world use FibMaster's techniques to calculate probable turning points in the markets.
Your Opinion ....please...
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guessing... are you with some confidence crisis after a couple bad trades? SL was hit for few pips, nervously closed your trades sooner? I have been there
Market have two sides, the right side and the wrong one.
We need to be smart and position us with the right side, but problem is how. In a few words, where top traders are.
Most of the time the problem is our mind playing dirty tricks. We enter in a trade using the indicators and we exit scared by looking the bar going against us. After that we believe the market is against us (chapter 2 of trading for a living and next ones).
Impatience is another big problem that blind our logic. We have suffered a couple of consecutive losers trades and we want revenge ignoring the market is not another human, it's just created by humans.
The followers of my Follower System in Elite section sees I just upload trades from time to time, most winners or even.
This is because at some point I thought that trade just because I need to trade was hurting my and my pocket. The need of "revenge" needed to be erased for the health of my account.
And at some point I've stopped to look for more indicators to help my trading because my trading strategies where fine, it was my mind who needs help. And started to spend lot of time looking charts and trying to discover why the prices moves in the way it does by just using logic.
Behind every famous indicator, if we go to the source, we could find the creator thought that indicator following some logic, trying to include the psychological behavior of the crowd within the calculus.
Last point it's completely different when you work for a company than for your own. It's like to learn to walk again.
Every I've written is from one book that unfortunately comes to my hands after I've started to trade for my own.
I was reading the performance of Lien and Schlossberg since year begin and sometimes it's unbelievable how they just drop "pretty sure" trades. However the performance says winners are huge more than losers. And I'm saying this a bit disappointed with this two guys but for another reason. But most top traders just trade when they have to do: right moment and right side.